is lottery a good idea Essay

1781 Words Mar 19th, 2014 8 Pages
Is Lottery a Good Idea?
Lottery is one of the best things that has ever happened to human kind especially those that dream high and but their dreams don’t come to life because they don’t have what it takes to make it happen. Lotteries are in various categories such as sweep stakes, scratch off, the Jackpot and even the green card lottery. The lottery that is being focused in this argument is the jackpot one. When individuals or people in general buy the lottery ticket their hopes are high, and they anxiously await with anticipation hoping to win. If they don’t win, they never give up, for they know that there is always next time and they keep playing. Some people urge that playing lottery is a bad idea because people end up getting
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The history of lottery started long time ago in the early history of America. The online gov. info library states that “Lotteries were frequently used in colonial-era America to finance public works projects such as paving streets, constructing wharves, even building churches. In the 18th century, lotteries were used to finance construction of buildings at Harvard and Yale.” This shows that lottery has been around for a long time. Today, most states have adopted lottery system especially the computerized ones like mega millions and Powerball due to the world advancing technologically. This is so because these states have seen the growth of income that come from lotto. Each state has rules and time frames in which a prize can be claimed. Some states allows people to be anonymous like Ohio while others don’t have that option. For example, in Indiana winners have 90 days before they claim their prize and their identity is revealed. In cases where the winning ticket isn’t claimed, the state will get back all the money that it contributed to the unclaimed jackpot. The money is distributed according to state rules.
Even if the winner comes forward, every state that participates in lottery selling benefits from it. The state imposes both federal and state taxes on the winner. Winners have a choice to take a pay out as a lump sum or as an annuity. If the payment is lump sum, taxes are paid out at once and annually if the prize is taken as an annuity. These